Software Providers for Online Casinos See High Stock Prices as PartyGaming Float Approaches

With PartyGaming’s announcement of their planned float, other online casinos companies are seeing their stock prices rise. CryptoLogic, a Toronto-based company which provides software for many online casinos, saw a five-year stock high on Monday. Shares of Cryptologic lost momentum on Tuesday, but were still at $36.81 on the Nasdaq, a high only seen once previously, on May 18th.

Cryptologic and other providers of technologies for online casinos will gain better regard in the financial market. PartyGaming, a leading poker operator, is expected to float shortly, offering up as much as 24% of the company to the London Stock Exchange.

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